Marble Financial Inc. (CSE:MRBL, OTC:MRBLF) has announced that to date this year, its wholly-owned subsidiary Inverite Verification Inc has signed 11 new license agreements utilizing the company’s proprietary open banking artificial intelligence software platform.
The AI-driven financial technology company said Risk Score, an industry-leading, real-time response platform that includes categorization and access to over 286 financial institutions, continues garnering more and more recognition and acceptability in both the alternative lending and credit nurturing sectors of the Canadian economy.
Marble noted that Inverite has grown its clientele to over 144 customers and is processing over 100,000 transactions a month, and interest in its open banking software has never been better.
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As a result of the successful integration of the Inverite platform, Marble said it has surpassed the 2.6 million Canadian customer profile thresholds, adding that this dataset continues to enhance its algorithms and resulting in a constantly improving its Risk Score to assist Inverite licensees in assessing and approving credit.
Additionally, it said consumers accessing the MyMarble Platform suite of products have nearly doubled since 2022 and to date, it has over 64,000 consumers who have accessed MyMarble since it went live.
"Our ongoing development with our industry products that help both industry and consumers transact show that Canadian businesses trust our products and services to assist them with data-driven indicators to enable both industry and consumers to better understand each other's requirements during this uncertain economic environment,” Marble CEO Karim Nanji said in a statement. “These positive developments indicate how valuable Marble's product line are for both Industry and the Canadian population seeking to achieve their financial goals."
Marble's proprietary MyMarble platform utilizes the power of machine learning, data science, and artificial intelligence, in leveraging its proven data-driven strategies through technology solutions Connect, Inverite, MyMarble, Fast-Track, Learn and Boost to engage in and navigate a clear path toward financial wellbeing and a meaningful credit score.
Contact the author at stephen.gunnion@proactiveinvestors.com